Sowell Financial Services LLC Buys New Shares in SPDR Portfolio S&P 400 Mid Cap ETF $SPMD

Sowell Financial Services LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) during the third quarter, Holdings Channel.com reports. The firm purchased 13,368 shares of the company’s stock, valued at approximately $843,000.

A number of other hedge funds have also bought and sold shares of SPMD. Benchmark Financial Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter worth $1,088,000. Carnegie Investment Counsel acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter worth about $9,427,000. Ironwood Financial llc purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at about $302,000. Diversify Advisory Services LLC grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 10.4% during the 3rd quarter. Diversify Advisory Services LLC now owns 14,362 shares of the company’s stock valued at $919,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Robinswood Financial LLC grew its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 7.1% during the 3rd quarter. Robinswood Financial LLC now owns 91,693 shares of the company’s stock valued at $5,815,000 after purchasing an additional 6,089 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPMD stock opened at $63.40 on Friday. The stock’s 50-day simple moving average is $64.98 and its 200-day simple moving average is $65.22. The firm has a market capitalization of $18.25 billion, a PE ratio of 4.45 and a beta of 1.02. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $54.53 and a fifty-two week high of $68.97.

SPDR Portfolio S&P 400 Mid Cap ETF Profile

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.